Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Capital Square LLC

Capital Square LLC decreased its position in Comstock Resources, Inc. (NYSE:CRK) by 32.3% during the 3rd quarter, Holdings Channel reports. The fund owned 40,900 shares of the oil and gas producer’s stock after selling 19,550 shares during the quarter. Capital Square LLC’s holdings in Comstock Resources were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in Comstock Resources in the 3rd quarter valued at about $25,000. Blue Trust Inc. acquired a new stake in Comstock Resources during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its stake in Comstock Resources by 2,533.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 3,446 shares during the period. GAMMA Investing LLC raised its holdings in Comstock Resources by 27.5% in the 2nd quarter. GAMMA Investing LLC now owns 6,083 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Comstock Resources during the 2nd quarter worth $105,000. Hedge funds and other institutional investors own 36.13% of the company’s stock.

Comstock Resources Stock Performance

Shares of Comstock Resources stock traded up $0.56 on Monday, reaching $15.72. 134,220 shares of the company were exchanged, compared to its average volume of 3,471,724. Comstock Resources, Inc. has a 1-year low of $7.07 and a 1-year high of $15.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average is $12.07 and its two-hundred day moving average is $11.09.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Comstock Resources had a negative net margin of 4.93% and a negative return on equity of 3.88%. The firm had revenue of $304.50 million for the quarter, compared to analyst estimates of $308.75 million. During the same period last year, the firm posted $0.04 EPS. The business’s revenue was down 19.2% compared to the same quarter last year. On average, equities research analysts forecast that Comstock Resources, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

CRK has been the subject of several recent analyst reports. Truist Financial lifted their price target on Comstock Resources from $9.00 to $10.00 and gave the company a “hold” rating in a report on Monday, September 30th. Bank of America started coverage on shares of Comstock Resources in a research report on Monday, October 28th. They set a “buy” rating and a $14.00 price target for the company. BMO Capital Markets lifted their price objective on Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Siebert Williams Shank downgraded Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price target for the company. in a report on Tuesday, October 15th. Finally, Piper Sandler lowered shares of Comstock Resources from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $5.00 in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Comstock Resources currently has an average rating of “Hold” and a consensus price target of $10.31.

Comstock Resources Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.